SoundThinking, Inc. (NASDAQ:SSTI) Receives $21.20 Average Target Price from Brokerages

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.20.

Several research firms have commented on SSTI. JMP Securities decreased their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Craig Hallum decreased their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now owns 138,851 shares in the company, valued at $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,621 shares of company stock valued at $336,458 in the last 90 days. 9.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently modified their holdings of SSTI. BNP Paribas Financial Markets lifted its stake in SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares during the last quarter. Rhumbline Advisers grew its position in shares of SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares during the period. Ibex Investors LLC purchased a new stake in shares of SoundThinking in the 2nd quarter worth approximately $171,000. Cim LLC raised its position in shares of SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after purchasing an additional 3,094 shares during the last quarter. Finally, Barclays PLC raised its holdings in SoundThinking by 245.5% in the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after buying an additional 17,591 shares during the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

SoundThinking Stock Up 5.3 %

Shares of NASDAQ:SSTI opened at $13.44 on Thursday. SoundThinking has a 12-month low of $9.33 and a 12-month high of $24.44. The business has a 50 day moving average of $12.31 and a 200-day moving average of $12.72. The stock has a market cap of $169.20 million, a PE ratio of -111.99 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $26.25 million for the quarter, compared to the consensus estimate of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same quarter in the previous year, the business earned ($0.09) EPS. Equities research analysts expect that SoundThinking will post -0.39 earnings per share for the current year.

SoundThinking Company Profile

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes.